Thursday, June 22, 2023 2:41:10 PM
The Georgia State Board of Pharmacy has released a set of regulations under which independent pharmacies will sell cannabis oil to patients registered in the Georgia Department of Public Health's registry.
The move allows Georgians living in areas where opening a cannabis dispensary is impossible to access products at their pharmacies, excluding chains like CVS or Walgreens, Cecil Cordle, a member of the Georgia Board of Pharmacy, recently said.
The state's two licensed producers, Botanical Sciences LLC and Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) would provide pharmacies with products. The two companies were the first to get the green light from the state to start serving over 27,000 registered medical cannabis patients in Georgia earlier this year.
"I do think that there will be a significant number of people who do participate in providing products, but I don't have a quantitative number to tell you whether that's 10 or 150," Cordle said at a recent state Medical Cannabis Commission meeting.
Georgia's Access to Medical Cannabis Commission has been contacted by over 100 independent pharmacies interested in selling cannabis oil, indicating heightened interest among such outlets. said Andrew Turnage, the Commission's executive director. "This gives an opportunity for virtually every community to have access."
On Wednesday, the state pharmacy board held a public hearing to discuss the proposed regulations. Turnage predicted that the board would soon formalize the rules.
The board is preparing to soon launch a draft of the application form, which contains the proposed fee structure. Turnage anticipates the initial pharmaceutical retailers authorized to distribute cannabis oil will commence selling it sometime between late August and early September.
What About MMJ Dispensaries?
Besides pharmacies, Florida-based Trulieve is selling cannabis in the two medical cannabis dispensaries it opened in April. It also plans to launch additional shops in Georgia this year, including retail locations at 1690 E Hwy 34 in Newnan and 2002 Pooler Parkway in Pooler.
Botanical Sciences was approved to open cannabis shops in Marietta and Pooler as well.
The Georgia Access to Medical Cannabis Commission has the authority to grant up to twelve dispensary licenses throughout the state.
Dear Wall Street,
I am sorry, but you can't take my money.
Recent TCNNF News
- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 09/18/2024 08:51:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/17/2024 10:33:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 08:13:42 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 10:14:24 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 10:11:35 AM
- Is this Penny Stock About To Break Through? • AllPennyStocks.com • 11/09/2023 02:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM